CCLA Investment Management Has $30.65 Million Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

CCLA Investment Management lessened its holdings in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 17.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 155,151 shares of the semiconductor company’s stock after selling 31,703 shares during the period. CCLA Investment Management’s holdings in Taiwan Semiconductor Manufacturing were worth $30,653,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Floyd Financial Group LLC bought a new stake in Taiwan Semiconductor Manufacturing during the fourth quarter worth $2,138,000. Pines Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the 4th quarter valued at approximately $697,000. Accurate Wealth Management LLC grew its position in shares of Taiwan Semiconductor Manufacturing by 18.2% in the 4th quarter. Accurate Wealth Management LLC now owns 1,417 shares of the semiconductor company’s stock valued at $295,000 after buying an additional 218 shares during the last quarter. Wynn Capital LLC increased its position in Taiwan Semiconductor Manufacturing by 1.2% during the 4th quarter. Wynn Capital LLC now owns 6,480 shares of the semiconductor company’s stock valued at $1,280,000 after purchasing an additional 75 shares during the period. Finally, David J Yvars Group bought a new position in Taiwan Semiconductor Manufacturing during the fourth quarter worth $216,000. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Price Performance

NYSE:TSM opened at $201.62 on Wednesday. Taiwan Semiconductor Manufacturing Company Limited has a 52 week low of $100.00 and a 52 week high of $222.20. The company has a quick ratio of 2.30, a current ratio of 2.57 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.05 trillion, a PE ratio of 32.31, a P/E/G ratio of 0.93 and a beta of 1.07. The business’s 50-day simple moving average is $197.26 and its two-hundred day simple moving average is $183.79.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last released its quarterly earnings results on Thursday, October 17th. The semiconductor company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.74 by $0.20. The company had revenue of $23.50 billion during the quarter, compared to analyst estimates of $22.72 billion. Taiwan Semiconductor Manufacturing had a return on equity of 27.44% and a net margin of 39.10%. As a group, analysts forecast that Taiwan Semiconductor Manufacturing Company Limited will post 6.95 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 18th will be paid a $0.5484 dividend. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date is Tuesday, March 18th. This represents a $2.19 dividend on an annualized basis and a yield of 1.09%. Taiwan Semiconductor Manufacturing’s payout ratio is 35.10%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Needham & Company LLC restated a “buy” rating and set a $210.00 price objective on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, October 17th. Susquehanna reiterated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday, October 18th. Barclays raised their target price on shares of Taiwan Semiconductor Manufacturing from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, StockNews.com cut Taiwan Semiconductor Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, November 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $214.00.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.